Nisa Investment Advisors LLC Slashes Asana, Stake by 41.3% in 1st Quarter
August 10, 2023
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ASANA ($NYSE:ASAN): According to their filing with the Securities and Exchange Commission, the reduction was significant and it is likely to have an effect on the stock’s performance. It provides project management, collaboration, and communication tools for individuals and teams. This filing from Nisa Investment Advisors LLC could be seen as a sign of their decreasing confidence in the company’s stock or it could be part of a more general move to rebalance their portfolio. Whatever the case may be, it is certain that this move will have an impact on the stock and investors should keep a close eye on its performance in the coming months.
Analysis
At GoodWhale, we conducted an analysis of ASANA’s financials. Our star chart shows that ASANA is strong in growth, medium in assets and weak in dividend and profitability. Based on this, we classify it as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given ASANA’s qualities, certain types of investors may be interested in the company. For instance, those who are willing to take on more risk in exchange for potentially higher returns may be attracted to ASANA’s growth story. Additionally, those looking for a long term investment may be interested due to ASANA’s intermediate health score of 4/10 when it comes to its cashflows and debt. This suggests the company might be able to pay off debt and fund future operations. Asana_Stake_by_41.3_in_1st_Quarter”>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Asana. More…
| Total Revenues | Net Income | Net Margin |
| 578.98 | -370.37 | -64.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Asana. More…
| Operations | Investing | Financing |
| -133.52 | -63.78 | 380.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Asana. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 984.29 | 636.2 | 1.61 |
Key Ratios Snapshot
Some of the financial key ratios for Asana are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 52.8% | – | -62.7% |
| FCF Margin | ROE | ROA |
| -24.6% | -64.4% | -23.0% |
Peers
Asana Inc is a company that provides a cloud-based work management application. It has a lot of features that allow users to manage their work and projects. However, it faces stiff competition from Monday.Com Ltd, Salesforce Inc, Microsoft Corp, and other companies.
– Monday.Com Ltd ($NASDAQ:MNDY)
The company’s market cap is 4.23B as of 2022. The company’s ROE is -16.76%. The company is a provider of online travel services. The company offers a variety of travel-related services, including air tickets, hotel reservations, car rentals, and vacation packages.
– Salesforce Inc ($NYSE:CRM)
Salesforce Inc is a cloud-based software company that offers customer relationship management (CRM) and enterprise software solutions. The company has a market capitalization of 147.18 billion as of 2022 and a return on equity of 0.08%. Salesforce was founded in 1999 and is headquartered in San Francisco, California. The company offers its CRM software to businesses of all sizes, from small businesses to large enterprises. Salesforce’s CRM software helps businesses manage customer data, sales processes, marketing campaigns, and other customer-related information. The company’s enterprise software solutions include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, and App Cloud. Salesforce also offers a variety of other software products and services, such as social media management, customer service, and analytics.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.77 trillion as of April 2021. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. The company also publishes books, video games, and, in 2020, launched the Microsoft Cloud TV platform.
Microsoft’s market cap is $1.77 trillion as of April 2021. The company has a Return on Equity of 45.3%. Microsoft is a technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.
Summary
Investment analysis of Asana, Inc. has recently been impacted by the actions of Nisa Investment Advisors LLC. This recent move is being watched closely as investors attempt to understand the implications for Asana, Inc. Currently, the company’s share price is dependent on the health of the overall market and expectations for their future performance. Investors will continue to monitor Asana, Inc. closely as they look to maximize returns on their investments.
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